Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Update

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPORGet Free Report) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 21,827 shares, an increase of 332.6% from the January 29th total of 5,046 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average trading volume of 38,796 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 38,796 shares, the short-interest ratio is currently 0.6 days. Currently, 4.9% of the shares of the stock are sold short.

Direxion Daily Transportation Bull 3X Shares Trading Down 1.1%

Shares of TPOR opened at $36.48 on Thursday. Direxion Daily Transportation Bull 3X Shares has a 12-month low of $14.02 and a 12-month high of $40.43. The firm has a market cap of $16.42 million, a P/E ratio of 12.38 and a beta of 3.78. The company’s 50-day moving average price is $34.08 and its 200 day moving average price is $29.90.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in shares of Direxion Daily Transportation Bull 3X Shares by 20.6% during the 3rd quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock worth $334,000 after buying an additional 2,043 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Direxion Daily Transportation Bull 3X Shares in the 3rd quarter worth about $512,000. Finally, Susquehanna International Group LLP boosted its holdings in Direxion Daily Transportation Bull 3X Shares by 168.9% in the third quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock worth $1,127,000 after purchasing an additional 25,378 shares during the period.

Direxion Daily Transportation Bull 3X Shares Company Profile

(Get Free Report)

The Direxion Daily Transportation Bull 3X Shares (TPOR) is an exchange-traded fund that mostly invests in industrials equity. The fund provides 3x leveraged exposure to a modified market cap-weighted index of US transportation companies. TPOR was launched on May 3, 2017 and is managed by Direxion.

Further Reading

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